Submitted by babyspout t3_127ueyq in personalfinance
stanimal21 t1_jegijip wrote
Reply to comment by babyspout in Should I sell my rental property? by babyspout
>I just didn't have enough money to meaningfully invest in the S&P
The minimum to invest in the Fidelity 500 Index Fund is $0:
https://fundresearch.fidelity.com/mutual-funds/summary/315911750
babyspout OP t1_jeh57sv wrote
I used the modifier "meaningful" just to say I didn't have enough to produce any significant amount. I definitely could've put my $1,200 into the S&P but if I did I certainly wouldn't have $100,000 right now.
I'm not disagreeing with your sentiment, just saying that given my financial situation + real estate knowledge at the time it made a lot of sense to buy the house rather than put my money in the stock market.
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